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The digital divide is a term used to describe the disadvantage in access to information which people without access to ICT suffer. [1] Nigeria's digital divide refers to the inequality of Nigerian individuals, groups, or organizations with regard to access to Information and communications technology (ICT) infrastructure or to the internet for daily activities. [2]
The digital divide in Nigeria is impacted by education, lack of electrical infrastructure, income, and urban drift, as well as a variety of other social and political factors contribute to Nigeria's growing digital divide. [40] [41] There have been efforts to reduce the digital divide by both government agencies and technology corporations. [42 ...
A key issue in the economics of digitization is the economic value of Internet-based services. The motivation for this question is two-fold. First, economists are interested in understanding digitization related policies such as network infrastructure investment and subsidies for Internet access.
The Federal Ministry of Communications, Innovation and Digital Economy in Nigeria is a government ministry responsible for overseeing the development, implementation, and regulation of policies related to communications, innovation, and digital economy sectors within the country. The current minister is Dr Bosun Tijani. [2]
While this definition is adept at measuring the impact of digitalization on economic growth, it only focuses on the nature of output and offers an incomplete view of the Digital Economy's development. [13] In a bottom-up and broad perspective, the Digital Economy is "all industries using digital inputs as part of their production process".
The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the sixth largest in Africa and the 27th-largest in terms of ...
The history of Internet in Nigeria started with the provision of limited E-mail service in 1991, and in July 1995 the Regional Information Network of Africa (RINAF) in collaboration with Rose Clayton Nigeria Limited provided internet service at the computer science department of Yaba College of Technology through the (Nigerian Postal Service (NIPOST)).
The 2023 Nigerian currency crisis was precipitated by a shortage of cash currency (the naira) and an attempt by the Nigerian government to force citizens to use a newly created government-sponsored central bank digital currency. This led to extensive street protests in mid-February 2023.